Advance Syntex (BOM:539982) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Advance Syntex Debt-to-Equity?

Advance Syntex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Advance Syntex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Advance Syntex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.00 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Advance Syntex's Debt-to-Equity or its related term are showing as below:

BOM:539982' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.5 Med: 2.25 Max: 3.1
Current: 2.94

During the past 13 years, the highest Debt-to-Equity Ratio of Advance Syntex was 3.10. The lowest was 1.50. And the median was 2.25.

BOM:539982's Debt-to-Equity is ranked worse than
97.92% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:539982: 2.94

Advance Syntex Debt-to-Equity Historical Data

The historical data trend for Advance Syntex's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Advance Syntex Debt-to-Equity Chart

Advance Syntex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.63

1.50

1.99

3.03

2.88

Advance Syntex Quarterly Data
	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	2.88	N/A	2.94	N/A

Competitive Comparison of Advance Syntex's Debt-to-Equity

For the Specialty Chemicals subindustry, Advance Syntex's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Advance Syntex's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Advance Syntex's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Advance Syntex's Debt-to-Equity falls into.

Advance Syntex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advance Syntex's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(224.986	+	127.115)	/	122.223
	=	2.88

Advance Syntex's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0
	=	N/A

Advance Syntex (BOM:539982) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Advance Syntex Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Advance Syntex's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Advance Syntex (BOM:539982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance Syntex Ltd (BOM:539982) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

233/2 & 238/2 GIDC POR, Ramangamdi, Vadodara, GJ, IND, 391243

Website

https://www.midasglitter.com

Advance Syntex Ltd is an India-based manufacturer of other made-up textile goods except for apparel. It manufactures and exports metallic yarn, lacquer-coated aluminum metalized polyester film, glitter powder, and allied other products. The company's product line includes metalized polyester films, metalized and coated film for metallic yarn, polyester tape films, and coated polyester films; glitter powder for textiles, decorative and clear polyester glitters, and others.

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